Ok some people talk about investing and providence farm even tried helping me out but,

I'm still confused on what "investing" really is. And I also really want to start investing. And be more responsible with my money, I am only 13 and now I get $150, a week. I got a raise so I'm not mad at all. Currently i always buy traps and lures and everything like that. The most I have ever saved up to is $600 and I been working at this farm for 10 months. So if anybody can help me out on how I can start investing I will really appreciate it.

And do you buy stuff online? Like crypto???

I think it's a good thing that I'm 13 and trying to invest! I will be 14 in November...

Ah man, maybe we need to get this trapping thing figured out first.

Be careful of crypto. At your age risk is a consideration. Maybe day of deposit to day of withdrawal.. currently I’m getting 4.25%. American Exprees. Call Monday in my checking account Tuesday. Maybe save for a vehicle. You’ll be 16 before you know it.

No he can never start investing too soon. There are investing companies with financial advisers out there to answer all you questions. Read stuff here and on line but listen to the professionals. $20 a week now can make a huge difference in you future life and also invest in yourself = education. Get you diploma! and add to that with college or technology trade school. Fully half of the GREAT guys on here have advanced their lives by getting a education.......jk

Figure out what your goals are. Are you interested for short term saving for a car, collage, first house, or retirement for example. 150 × 52= $7800 a year. Putting 7k in a custodial Roth at 13 into an s and p index fund will give you over 600k when you are 60 if you get a 10% return and never add another dime to it the rest of your life. Just an example of what investing does with compounding interest and time In the market

Invest young and retire very comfortable.

I'm thinking I'm gonna do this, get a check put half in a saving other half I can spend. Or even only be able to spend a quarter of it.

For example if I get a check tomorrow I will split it so 150÷2=75 for me to spend and 75 dollars in a savings.

Or if I do 150 ÷ 3 = 50 for me to spend and 100 dollars in a savings.

I know I will be 16 so this is what I will do. I will get a check and only spend $50 of it.

Let's say I found a truck down the road for about $8,000 and I been doing this for 2 years plus. And there is about 52 weeks in a year, so I would be saving for 104 weeks. And if I was saving $100 every week I would have about $10,400 to get my car.

This is my plan. 150 a week. $50 to spend. And $100 in my savings towards a car.

Is that investing or just proper financial handling

Since you likely won't be investing your entire paycheck, investing just $20 a week every week from now until you're 20 will yield similar results to what Providence posted.

And I agree that you can never get started investing too early! I sure wish I understood investing when I was young. The fact that they never taught that to me in school seems downright criminal!

Trapper O, this is a great conversation to have with your parents. Tell them you want to invest X amount of money a week, and ask them to help you set that up.

You asked what investing actually is, and it's a very large topic, too much to try to cover in one post.

So, looking at just one aspect of investing.... stocks.

When companies become large enough, often they will choose to "go public". What that means is that they will sell stocks to the general public. So what's a stock? It's a small share of ownership of a company. When you buy a stock, you're buying a tiny piece of whatever company the stock belongs to. So say you buy a single share of Monster Energy Drinks. You now own a tiny piece of that company. When Monster sells lots of energy drinks and does really well, the price of that stock will go up. Say you spent $50 to buy one share of Monster, then several months later that share may be worth $80 and you could sell it and make $30, minus a fee from whatever company you buy your stocks through.

But, on the flip side, say a new energy drink company comes along and all of a sudden everyone wants the new drink and people stop buying Monster. In that case, the price of the share would go down. The stock you spent $50 to buy may now be only worth $20 and if you sold it, you would lose money. Worst case scenario, people never go back to drinking Monster and the company files bankruptcy and folds up, and you lose all the money you invested in it.

I think most people that are new to investing buy what are called ETFs. Without going into too much detail, ETFs are groups of more than one stock pooled together, that you can buy shares of. So, instead of buying a share in just one company, you're buying shares of multiple companies at once, which lessens your risk. A popular ETF is Invesco QQQ which holds the stocks of 50 different companies. When you buy a share of QQQ, it's like buying shares of all of those companies. If one or two of them does poorly, it won't affect you as much as it would if you own that company's stock directly.

This is just the tip of the iceberg, but I hope it gives you a basic idea of what investing in the stock market means.

I highly encourage you to talk to your folks about this and have them help you get started investing your money to make it grow.

Even at 13, $50 per week won't go very far. Wait until you discover girls. A night out at the movies and dinner will take your whole weeks money.

Not how much you make but how much you save and invest. A good S&P 500 Index Funds and go to town. I had my first job off the farm at 12 and worked for a multimillionaire. He said "take care of the pennies and the dollars will take care of themselves"

Put half of your earnings in a saving account and dont touch it.and at the end of the year,go into the bank and tell your financial advisor there that you want to invest in mutual funds.
Mutual funds is the stock market but investment is spread out over many stocks.This will allow your money to grow at a fairly decent and predictable rate with basically no risk depending on the stock making up the fund.Later on when your money grows you can start looking at diversifying,and decide what risks you want to take.
Mining stock can be quite risky but if you are in the know you can hit real big,especially when you get in at the right time.

^^^^^^^ this

Now a days,,,,

ETF’s are far superior too mutual funds

Way way less fee’s, more liquid

Just saying

If you start investing right now you will feel like a genius when you are in your 30's.

Don't pay any attention to advice like this; "Even at 13, $50 per week won't go very far." That is about the farthest thing from the truth about investing, particularly at your age.

Open a brokerage account at some place like Fidelity Investments. Start reading up on the subject of "mutual funds". If you start doing it now, even with a small, but regular amount, say $100 a month then increase that when you start making more money, you will be well off way before the time when most people normally retire.

Check out this link for an example.
https://www.fidelity.com/go/youth-account/overview

Investing the way most people today think of it simply broken down is purchasing assets that will grow in value over time. Its a slow way to make money.

The other kind of investing is investing in a business. As an example, you could take your 600 bucks and buy a mower, either new or used. Start a lawn service and make way more money in a short period of time vs putting it into wall street.

Just curious on what advise your parents are giving you on this?
After all your going to need them when you go to invest in whatever.

Until your next new thought comes along and you change your mind on the subject of investing, I'd agree with Boco's advice.

Or I'd buy a pony. 

Friend of mine’s kid borrowed the shop vac,,wheeled around on his bike doing “Mobil auto detailing”

After a couple weeks he bought his own vacuum and speciality tools,,,,

Now he’s got his drivers license and own vehicle,,,thriving business

Huge money maker for young kid

Just another idea,,,

File an IRS 1040, misc income, to establish earnings. You will most likely not owe any tax. Then start a Roth by depositing some or all of your earnings. Be realistic however. If the investment is not for long term, a Roth or IRA should not be used. A Roth at age 13 would be a powerful investment to have in later life after 50+ years of compounding.

Seems like anything you can do to make someones life easier or appeal to their vanity the sky is the limit as far as money to be made. Make them or their stuff look nice, or make life more comfortable with them. If you go that route, dont be penny wise and dollar foolish. Im just getting over that at 30. I would spend $50 10 times to avoid spending $300 at one time. Just doesnt make sense to skimp on equipment if you can make more money off better equipment. Thats probably not the investing you are looking into, but if I could go back to your age I would definitely start a business early and grow it as I go

And far more tax efficient than any mutual fund.